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what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a math problem. they can't pay for it. if they can't pay for it, then they are going to raise taxes on the middle class. that's what the economic studies have shown. and look, i don't know anybody who thinks we're another tax cut for a millionaire away from a stronger middle class. that's just not how we have built our economy before and it's not how we're going to continue to make our country on the debate moderator to do itill ?e present be >> ihink the debate morato think the president will push back pticularly on some of thes
what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a...
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the number on his tax cut is $5 trillion. because he's talking about a 20% cut in marginal rates, eliminating the alternative minimum tax, estate tax and other deductions, $480 billion a year, $5 trillion over ten years, that's the number. then he says, you know, every day for the last 18 months, i've been talking about repealing every aspect of obama care, but actually i didn't mean it. well it's too late for that. if you repeal obama care across the board, that means that kids can no longer stay on their parents' coverage through age 26, it means that we can go back to a system of denying coverage for preexisting conditions, it means that seniors again are back on to co-pays larger co-pays as it relates to prescription drugs, and on dodd/frank, he's been saying he wants to repeal dodd/frank, andrea, every day for the last 18 months, repeal every aspect of it. dodd/frank of course is the bill that reregulated the financial system after the credit market collapsed, the catastrophic collapse of 2008. so does anybody really wan
the number on his tax cut is $5 trillion. because he's talking about a 20% cut in marginal rates, eliminating the alternative minimum tax, estate tax and other deductions, $480 billion a year, $5 trillion over ten years, that's the number. then he says, you know, every day for the last 18 months, i've been talking about repealing every aspect of obama care, but actually i didn't mean it. well it's too late for that. if you repeal obama care across the board, that means that kids can no longer...
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by tax expenditures. >> he also said he would not sign any tax deal. >> that's true. that's why you have the upsets that he's talking about. it's not going to be easy. it took three years to do it in the 1986 tax bill. it's not going to be easy here. i have to say, he outlined three ways to deal with trying to reduce the debt. he took one of them off there. you have to deal with two sides here. no taxes to deal with the deficit. is that the right thing? >> keep in mind, he made it very clear that unlike this president, who i have to like as a person. i know him well. unlike president obama, he wants to work with congress. he knows he's not going to get anything done if he doesn't work with congress. >> but he drew a line there. is that a fuzzy line? >> i'm with it on the line. one thing that has to be made very clear is the wealthy will be paying just as much as they're paying now. >> but they shouldn't pay more. >> i thought one of the best lines is that basically we're tired of trickle down government. and he turned the tables on the president. we have the president
by tax expenditures. >> he also said he would not sign any tax deal. >> that's true. that's why you have the upsets that he's talking about. it's not going to be easy. it took three years to do it in the 1986 tax bill. it's not going to be easy here. i have to say, he outlined three ways to deal with trying to reduce the debt. he took one of them off there. you have to deal with two sides here. no taxes to deal with the deficit. is that the right thing? >> keep in mind, he...
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and he wants to extend the bush tax cuts for wealthy americans. but it seems like having his real record pointed out to him is making the senator a little testy. >> excuse me, i'm not a student in your classroom. please let me respond, okay? >> maybe mr. brown could use that classroom. there is a difference between the letters "i" and "r." did senator brown think we would forget his extreme right wing record? nice try, but we got you. 's eb. want to give your family the very best in taste, freshness, and nutrition? it's eb. want to give them more vitamins, omega 3s, and less saturated fat? it's eb. eggland's best eggs. eb's. the only eggs that make better taste and better nutrition... easy. eggland's best eggs. better taste. better nutrition. better eggs. it's eb. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b
and he wants to extend the bush tax cuts for wealthy americans. but it seems like having his real record pointed out to him is making the senator a little testy. >> excuse me, i'm not a student in your classroom. please let me respond, okay? >> maybe mr. brown could use that classroom. there is a difference between the letters "i" and "r." did senator brown think we would forget his extreme right wing record? nice try, but we got you. 's eb. want to give your...
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everybody would like a tax cut. who wouldn't want a tax cut, especially 20% across the board? if you're making 35%, the top rate, you go to 28%. all chris wallace was trying to get from ryan on sunday was just tell me what big deductions you're going to get rid of so we can finance that. it's the question. of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little doodads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodgeball it? can he say i'm not telling you how i'm going to do the major thing i promised to do, get the economy going through a tax cut, but i'm not going to tell you how i'm going to do it. can he get away with it with even the -- >> i hope not. i think this is a moment for jim lehrer to be very tough, respectful tough, and for president obama to come back at him and to sa
everybody would like a tax cut. who wouldn't want a tax cut, especially 20% across the board? if you're making 35%, the top rate, you go to 28%. all chris wallace was trying to get from ryan on sunday was just tell me what big deductions you're going to get rid of so we can finance that. it's the question. of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of...
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minimum tax. when you do that over ten years you put $5 trillion hole in your revenue. so that's where obama gets $5 trillion tax cut. but governor romney says he will make up that money through eliminating loopholes, tax deductions that sort of thing but he hasn't specifically said which one his would target. but that's how he can say, i don't have a $5 trillion tax cut. obama can come back and say you haven't given specifics how can we believe it really adds up. in fact every study nonpartisan that has looked at this has said that you know, unless you really tweaked the numbers, there's not justify money out there to fill that $5 trillion hole. >> so, glenn, the president said she's the guy plan to cut $4 trillion in the deficit. here's how he describes that plan. >> the way we do it is $2.50 for every cut, we ask for a dollar of additional revenue. governor romney earlier mentioned the bowles-simpson commission. well that's how the commission bipartisan commission, that talked about how we shou
minimum tax. when you do that over ten years you put $5 trillion hole in your revenue. so that's where obama gets $5 trillion tax cut. but governor romney says he will make up that money through eliminating loopholes, tax deductions that sort of thing but he hasn't specifically said which one his would target. but that's how he can say, i don't have a $5 trillion tax cut. obama can come back and say you haven't given specifics how can we believe it really adds up. in fact every study...
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do we want to live in a country where a minority of people are the tax providers? do you want everybody to be a stake holder? do you want everybody to have skin in the game? these are arguments worthy of a presidential campaign. what paul ryan is talking about, i think it will be blended together in the context of romney's comments, but i don't think it's necessarily fair to do it. >> i think you're right about the political blending of it and about the necessity of that discussion and that could be a sober and serious discussion. the part that makes it political is when you get this moral for anybody on the receiving side of a net transfer from the government. that's you're not taking responsibility for your life. you don't believe in the american dream stuff. >> it's the 47% comments. you're really talking about the entire enlisted core of the united states military, for example. i believe that veterans, for example, have earned the benefits that they are being given. so he described a big portion of the company that are republican voters. that's why it was so po
do we want to live in a country where a minority of people are the tax providers? do you want everybody to be a stake holder? do you want everybody to have skin in the game? these are arguments worthy of a presidential campaign. what paul ryan is talking about, i think it will be blended together in the context of romney's comments, but i don't think it's necessarily fair to do it. >> i think you're right about the political blending of it and about the necessity of that discussion and...
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level with us about his tax plan which gives the wealthy huge new tax breaks? if we can't trust him here, how could we ever trust him here? >> the romney campaign has taken issue of course with what the obama campaign uses which is a tax policy center analysis. in that ad that draws on the -- to argue that mitt romney's tax plan depends on a $5 trillion tax cut that's not paid for. the conclusion they drew is the only way you offset those tax cuts over ten years, after handcuffing yourself on the pledges that romney has made to reduce tax rates across the board by 20% eliminating the alternative minimum tax and erasing the federal estate tax is to eliminate deductions that will inevitably touch the middle class. the romney folks say the obama campaign and tax policy center created a strawman. the problem is the romney campaign hasn't created their own and responded with any detail on how they would do it. it becomes impossible at least politically once you account for the pledge handcuffs that romney has made. while the president didn't fully acknowledge he cam
level with us about his tax plan which gives the wealthy huge new tax breaks? if we can't trust him here, how could we ever trust him here? >> the romney campaign has taken issue of course with what the obama campaign uses which is a tax policy center analysis. in that ad that draws on the -- to argue that mitt romney's tax plan depends on a $5 trillion tax cut that's not paid for. the conclusion they drew is the only way you offset those tax cuts over ten years, after handcuffing...
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i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american people the truth. just as he did today in denver when he said he wasn't telling the truth. he should have looked him in the eye and said mitt romney, you are not telling the american people the truth. and then proceed to walk through as clinton would have done the mathematics to prove it. i don't think romney would have been smart enough to figure out how to get out of that hit, but obama ignored that opportunity and i think that's a mistake. joan, you're correct. he will everywhere he goes, he will save the day and correct what he didn't do last night, but 58 million people will not be able to be cont
i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american...
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and he's just as hapless on taxes. >> raise taxes with obama care but he's got another taxes in mind. >> governor romney doesn't need zingers. he needs to get his story straight. he needs to stop debating himself. and at the end of the day, this election isn't about one liners. just ask our president. >> i know folks in the media are speculating already on who's going to have the best zingers. what i'm most concerned about is having a serious discussion about what we need to do to keep the country growing and restore security for hardworking americans. that's what people are going to be listening for. that's the debate that you deserve. >> that's the debate voters deserve. and on wednesday night, they won't be distracted by any zingers cooked up by romney's team of joke writers. joining me now is michelle cottle, washington correspondent for "newsweek" and the daily beast. and dana milbank, columnist for "the washington post." thanks to you both for coming on tonight. dana, are zingers the answer for mitt romney? >> well, he has to beware the very perilous boomerang zinger. delivering
and he's just as hapless on taxes. >> raise taxes with obama care but he's got another taxes in mind. >> governor romney doesn't need zingers. he needs to get his story straight. he needs to stop debating himself. and at the end of the day, this election isn't about one liners. just ask our president. >> i know folks in the media are speculating already on who's going to have the best zingers. what i'm most concerned about is having a serious discussion about what we need to...
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i was going to ask you the taxes issue. having the democrat lead on taxes can't be good for a republican. >> we had the second cycle in a row where obama's run and tried to neutralize a tax advantage. again, part of it and thas is what is really new to our poling. more afffluent people think obama is the biggest threat to them. lower income people think mitt romney is. we are seeing cultural differences by income that are interesting. >> the romney quality advantages what i want to do with you federal budget deficit up nine. dealing with china as an economic rival up eight. on the economy up three. changing business as usual in washington is dead even. if you are the obama campaign what concerns you the most here? the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong
i was going to ask you the taxes issue. having the democrat lead on taxes can't be good for a republican. >> we had the second cycle in a row where obama's run and tried to neutralize a tax advantage. again, part of it and thas is what is really new to our poling. more afffluent people think obama is the biggest threat to them. lower income people think mitt romney is. we are seeing cultural differences by income that are interesting. >> the romney quality advantages what i want to...
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out a deal on expiring tax cuts. the average hike would be $3,500 for middle income earners, a $2,000 increase. senate leaders say they are making progress on a plan. jack, you're a little boring. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or beh
out a deal on expiring tax cuts. the average hike would be $3,500 for middle income earners, a $2,000 increase. senate leaders say they are making progress on a plan. jack, you're a little boring. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass....
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sure to make sure that people paid enough in taxes. ironic, isn't it? almost 250 years later there's a new romney on the high satiseas. this one, is of course, taking on water and they are not quite sure what the captain is up to or even why he's the captain. here's what ultra rich republican bill marriott of the marriott hotel chain said last night about why his good friend mitt should guide our ship of state. >> both men have vacation homes and a few summers ago i was taking my grandchildren and children to town in the boat for ice cream and we got into the dock and they were all full and we looked around and there was no place to park. i finally found a place to park after 20 minutes and i said, who is going to grab the rope and i looked up and there was mitt romney. he pulled me in, tied the boat and he rescued me just as he is going to rescue this great country. >> mitt romney helped a rich buddy park his late yacht and that's why he should be president? this campaign has lost touch with reality and it's no wonder republicans are jumping ship. they
sure to make sure that people paid enough in taxes. ironic, isn't it? almost 250 years later there's a new romney on the high satiseas. this one, is of course, taking on water and they are not quite sure what the captain is up to or even why he's the captain. here's what ultra rich republican bill marriott of the marriott hotel chain said last night about why his good friend mitt should guide our ship of state. >> both men have vacation homes and a few summers ago i was taking my...
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taxes and cut everyone's income tax by 20%. the math doesn't seem to add up there. the other striking thing being he picked paul ryan, the man known for putting out -- at least more details than mitt romney, but he has not embraced. ryanism to me, at least, the core is we're going to be detailed about what conservative policy means. romney's not embraced that at all. >> good luck tonight. thank you both. new next, tick tock, tick tock. let's clear the air from a mile up. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with
taxes and cut everyone's income tax by 20%. the math doesn't seem to add up there. the other striking thing being he picked paul ryan, the man known for putting out -- at least more details than mitt romney, but he has not embraced. ryanism to me, at least, the core is we're going to be detailed about what conservative policy means. romney's not embraced that at all. >> good luck tonight. thank you both. new next, tick tock, tick tock. let's clear the air from a mile up. look, if you have...
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it's really a tax is all it is. social security is a tax. >> are you saying for younger people there will be some privatization of it or not? >> well, if it were up to me, yes, i think that that's a good idea. this bill is called the hate crimes bill. this bill increases hatred in america. abortionists, terrorists, privatized hate crimes lead to hate. it's a long list that suggests this guy is not what i would call a mainstream conservative republican even. >> for once i want to second what he said. they obviously wanted a different senate candidate and then after he made the comments >> for once i want to second what he said. they obviously wanted a different senate candidate and then after he made the comments -- akin made the comments about legitimate rape, a lot of people, as you said, romney, ryan, corn anyone, the whole republican establishment said, we don't want to support this guy. he should drop out. he can drop out until september 25th. september 25th passed. things have not been going okay for the gop. p
it's really a tax is all it is. social security is a tax. >> are you saying for younger people there will be some privatization of it or not? >> well, if it were up to me, yes, i think that that's a good idea. this bill is called the hate crimes bill. this bill increases hatred in america. abortionists, terrorists, privatized hate crimes lead to hate. it's a long list that suggests this guy is not what i would call a mainstream conservative republican even. >> for once i want...
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a candidate says i'm going to lower the tax rates but i'm going to broaden the tax base. what you get is lower rates, you get a lot of the former, you get very little of the latter. because like bob says, once you start going into how you're going to broaden the base, then it's don't look at me, look at the other guy. so the danger of this tax reform trap that governor romney is trying to sell right now is that you're going to end up with massively lower tax rates and you're not going to broaden the base much at all such that you'll have an explosive budget deficit, it's very much what we saw in the bush supply side trickle down years. >> bob, debatess left. the vice presidential debate, the town hall presidential debate and then the debate on foreign policy. >> i think we throw out the myth that somehow or other only the first debates matter. i think the other debates will have big audiences. i'm through with the expectations game. i think vice president biden will do very well next week. i think the president will bring his best game to these next two debates. this guy
a candidate says i'm going to lower the tax rates but i'm going to broaden the tax base. what you get is lower rates, you get a lot of the former, you get very little of the latter. because like bob says, once you start going into how you're going to broaden the base, then it's don't look at me, look at the other guy. so the danger of this tax reform trap that governor romney is trying to sell right now is that you're going to end up with massively lower tax rates and you're not going to...
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but the cut in tax rates. >> the cut in tax rates is lower -- all american tax rates by 20%. >> how much does it cost? >> it's revenue neutral. it works and you can -- >> but i have to -- you haven't given me the math. >> well, i don't have the -- it would take me too long to go through all of the math. >> you know, tonight, jim lehrer, he's a great moderator. take all of the time you want. take my time to explain how you're going to do it. yesterday romney himself told a local denver station that part of his tax plan might include a cap on deductions at 17,000 a person which would not hurt billionaires at all like him. let's take a look. >> you could say everybody's going to get up to $17,000 deduction and you can use your charitable deduction, your home mortgage deduction or others, health care deduction and you can fill that bucket, if you will, the $17,000 bucket and higher income might have a lower number or you could do it by the same method that bowles/simpson did it, which is limiting certain deductions but that's the sort of thing that -- >> well, his tighing would take him past
but the cut in tax rates. >> the cut in tax rates is lower -- all american tax rates by 20%. >> how much does it cost? >> it's revenue neutral. it works and you can -- >> but i have to -- you haven't given me the math. >> well, i don't have the -- it would take me too long to go through all of the math. >> you know, tonight, jim lehrer, he's a great moderator. take all of the time you want. take my time to explain how you're going to do it. yesterday romney...
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romney's tax plan. for months he's been telling us that he'll cut everyone's taxes by 20%. so some of the country's brightest economists did the math and found that romney's tax plan promises to cut taxes by $5 trillion without adding to the deficit. but when mitt romney took to the stage last night, he delivered a line that beggared belief. >> no economist can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> so black is white, up is down, and everything is the way he says it is in the world of mitt romney. like yago, mitt romney delivered those lines in the presence of a black man, but on this occasion the president would not be deceived. he allowed mr. romney to rehearse the full extent of his lie and then just a few hours ago drew our attention to what really happened last night. >> the real mitt romney has been running around the country for the last year promising $5 trillion in tax cuts in favor of the wealthy. the fellow on stage last night said he didn't know anything about that. >> mr. romney is quite rightly
romney's tax plan. for months he's been telling us that he'll cut everyone's taxes by 20%. so some of the country's brightest economists did the math and found that romney's tax plan promises to cut taxes by $5 trillion without adding to the deficit. but when mitt romney took to the stage last night, he delivered a line that beggared belief. >> no economist can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> so black is white,...
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lowering the tax rates by broadening the tax rates -- >> let me --. i -- >> you haven't given me the math. >> i don't have the time. it would take me too long go through all of the math. >> that's a quote you're going to hear a lot, i guess from the obama campaign and the president himself. meanwhile the president who's known for being a bit long-winded and can have an hour-long news conference with only eight questions is working to sharpen his responses. quote, we eh had a hard time getting every point across within the time limit. you're trying to make a case to the people, so you have to make sure your answers connect with people. he got some advice from howard dean. >> the president's got to avoid being irritable. hi's got to roll with the punches. mitt is going to be out there, aggressive. he feet to show a sense of humor and show he's likeable. that's all nonverbal cues. >> folks, these debates, though, they don't have time limits, they allow for a lot of back and forth. it will be interesting to see which candidate enjoys that idea that you do
lowering the tax rates by broadening the tax rates -- >> let me --. i -- >> you haven't given me the math. >> i don't have the time. it would take me too long go through all of the math. >> that's a quote you're going to hear a lot, i guess from the obama campaign and the president himself. meanwhile the president who's known for being a bit long-winded and can have an hour-long news conference with only eight questions is working to sharpen his responses. quote, we eh...
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those people pay payroll taxes and state taxes and contribute in all sorts of ways, they include our veterans. >> those people are me. >> you want to jump on our soldiers while being out in the field while being exempt from taxes, go ahead and see how that plays. people were able to assess the information and make a judgment. in a way, facts are nut spin. people are able to take it and make a new decision. >> the unworthy part. there are at least 30 corporations that not only don't pay any taxes but they get refunds. >> i think dave's point that they finally weigh in on labor when it is about football but not when it is about all of these other things. brentin, thank you so much for joining us today. we will continue to follow your work and color lines. >> it is amazing. >> check it out. >> the rest of us are going to be back for more. >>> up next, the trouble with numbers in vacation. ♪ bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in
those people pay payroll taxes and state taxes and contribute in all sorts of ways, they include our veterans. >> those people are me. >> you want to jump on our soldiers while being out in the field while being exempt from taxes, go ahead and see how that plays. people were able to assess the information and make a judgment. in a way, facts are nut spin. people are able to take it and make a new decision. >> the unworthy part. there are at least 30 corporations that not only...
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, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first presidential debate. >> both candidates cramming for the first debate. >> everyone trying to lower expectations. >> franticly spinning to lower expectations. >> >> president obama is an experienced debatetor. >> i'm just okay. >> almost everyone seems to be muting enthusiasm in trying to undersell thvernlths is mitt's first time. >> i don't buy that. >> chris christie is taking a different tack. >> we have a candidate who is going to do extraordinary well on wednesday night. come thursday morning when we get to thursday morning, the entire narrative of this race is going to change. >> this is
, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first...
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overall effective tax rate than u.s. corporations paid at the time. the company also said the operations would not be subject to material united states taxes because it should not be considered to have significant income effectively connected with a trade or business in the united states. guy plays all the angles, doesn't he? so mitt romney, the presidential candidate, who now talks tough on china and says that president obama isn't tough on china, what do you think he did with all that information? well, on april 17th, 1998, just 9 days after the document was released, brookside incorporated, an affiliate of bain capital, acquired about 6% of global tech. mitt romney was listed as the sole shareholder, sole director, president and ceo of brookside incorporated. mitt romney chose to pay less taxes and exploit workers all for a profit. middle classers, you nervous tonight? you ought to be. tonight in our survey, i asked, can the president sustain his momentum for 40 days? 99% of you say yes. 1% of you say no. >>> coming u
overall effective tax rate than u.s. corporations paid at the time. the company also said the operations would not be subject to material united states taxes because it should not be considered to have significant income effectively connected with a trade or business in the united states. guy plays all the angles, doesn't he? so mitt romney, the presidential candidate, who now talks tough on china and says that president obama isn't tough on china, what do you think he did with all that...
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/ryan tax plan will raise taxes on middle-class families with a child, one or more children by an additional $2,000 a year. how -- all kidding aside, without the boos. stop all that malarkey. this is deadly ernest, man. this is deadly ernest. how they can justify -- how they can justify raising taxes on the middle class that's been buried the last four years. how in lord's name can they justify it? >> the romney campaign picked up on that middle class being buried for the last four years during which president obama was in the white house while campaigning in iowa. paul ryan did not miss the opportunity to seize on biden's choice of words. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. of course the middle class has been buried. they're being buried by regulations. they're being buried by taxes. they're being buried by borrowing. they're being buried by the obama administration's economic failures. >> the romney campaign also chimed in on twitter writing agree with joe biden. the middle class has been buried the last
/ryan tax plan will raise taxes on middle-class families with a child, one or more children by an additional $2,000 a year. how -- all kidding aside, without the boos. stop all that malarkey. this is deadly ernest, man. this is deadly ernest. how they can justify -- how they can justify raising taxes on the middle class that's been buried the last four years. how in lord's name can they justify it? >> the romney campaign picked up on that middle class being buried for the last four years...
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he has gone on the offensive against mitt romney time at bain capital, outsourcing tax returns. any state we would expect that criticism of corporation and relationship to globalization would resonate it is ohio, where globalization has taken a toll. the heart of romney's argument against obama is obama hasn't helped the economy. ohio is a state it is doing better than the national of a range the auto bailout has a practical effect on people's lives, know people working in auto plant, suppliers of auto plant and the natural gas boom, a little beneath the radar has helped the unemployment rate in ohio. that is has resulted in obama dog better nationally better than nationalism people talking about the possibility romney could pull out of ohio and still win. i think that's very difficult to envision. if romney loses ohio, in particular if ohio is long gone, obama is going to win you can the votes aren't there else where to make up for the loss of those 18 electoral votes. >> nate, i want to talk about you, talk about you for a second? >> if you really want. >> you are the politica
he has gone on the offensive against mitt romney time at bain capital, outsourcing tax returns. any state we would expect that criticism of corporation and relationship to globalization would resonate it is ohio, where globalization has taken a toll. the heart of romney's argument against obama is obama hasn't helped the economy. ohio is a state it is doing better than the national of a range the auto bailout has a practical effect on people's lives, know people working in auto plant, suppliers...
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. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> the middle class in america is hurting. >> the middle class has been buried the last four years. >> kristen welker and peter alexander are with the obama and romney campaigns in these final hours before the first match-up, the debate tonight. we begin with kristen in nevada with the president. the president will travel to colorado in just a matter of hours. good morning. >> good morning. that's right. president obama will take off for denver in just a few hours. i'm told he'll have a little bit of down time with the first lady before the debate. he'll also do a walk through of the venue. here's how it's going to work. president obama will be given the first question. mitt romney will have the final word tonight. the debate will be broken up into six 15-minute segments for a 90-minute debate. it will include three on the economy, one on health care, one on governing and one on the state of government. the role of government, i should say. now, both candidates will be standing at podiu
. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> the middle class in america is hurting. >> the middle class has been buried the last four years. >> kristen welker and peter alexander are with the obama and romney campaigns in these final hours before the first match-up, the debate tonight. we begin with kristen in nevada with the president. the president will travel to colorado in just a matter of hours. good...
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>> he said for everybody, across the board. >> on top of the bush tax cuts? >> president obama during the debate said he is the one who is going to raise taxes by letting the bush tax cuts expire. >> but we just played two things back to back that do not match. >> look, he said all look, 20% across the board. i think there were two different things he was speaking about there. he has a very pro-growth policy. he has a policy to create 12 million jobs. >> so are you saying he misspoke in one of those? >> i'm not going to get into whether he misspoke or not -- what i know is he has said all along, 20% across the board for everybody, and that means everybody. to what specifically he was speaking there, i'm not exactly sure. but it's a clear choice what you have. we don't need to get caught up on the back and forth. he is going to put forward pro-growth jobs. and 7.8% is an anemic recovery. that is nothing to celebrate. i remember when president bush was criticized by president obama when i worked for him -- >> but for the past four years, republican have said sa
>> he said for everybody, across the board. >> on top of the bush tax cuts? >> president obama during the debate said he is the one who is going to raise taxes by letting the bush tax cuts expire. >> but we just played two things back to back that do not match. >> look, he said all look, 20% across the board. i think there were two different things he was speaking about there. he has a very pro-growth policy. he has a policy to create 12 million jobs. >> so...
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the cut in tax rates? >> the cut in tax rates is lower all americans tax rate business 20%. >> how much does that cost? >> it's revenue neutral. >> unless you take away the deductions. >> we're going to get to that in a second. the first half lowering the tax rates does that cost $5 trillion? >> no. look, i won't get into baseline argument with you because that's what a lot of this is about. lowering tax rates broadening the tax base works and you can -- >> but i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> that was paul ryan on fox news yesterday making the case against math or for time or some combination thereof. these are the moments where i think the romney team has trouble, once you can actually drill down and say, but how does it work? show me the numbers. there is no answer. >> right. paul ryan thinks he can use this kind of policy wonk construction that he's been able to create to evade policy discussions. h
the cut in tax rates? >> the cut in tax rates is lower all americans tax rate business 20%. >> how much does that cost? >> it's revenue neutral. >> unless you take away the deductions. >> we're going to get to that in a second. the first half lowering the tax rates does that cost $5 trillion? >> no. look, i won't get into baseline argument with you because that's what a lot of this is about. lowering tax rates broadening the tax base works and you can --...
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they can justify raising taxes on the middle class that's been buried the last four years. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states! >> today, heavy hitters are fighting back. senator marco rubio just now in denver. >> the last four years the american middle class has been buried. those aren't my words. those happened to be the words of the distinguished vice president of the united states, mr. joe biden. no, don't boo. he's the best thing we got going, guys. >> and how's this for trail mix? mitt romney got more than he bargained for when he posed at chipotle after ordering a burrito bowl in a photo op that's an internet sensation. good day, andrea mitchell live in denver at the site of tonight's presidential debate, the first time in five years that barack obama and mitt romney are going to be face-to-face in what the local newspaper is headlining as the duel in denver. joining me now for our daily fix, chris cizi
they can justify raising taxes on the middle class that's been buried the last four years. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states! >> today, heavy hitters are fighting back. senator marco rubio just now in denver. >> the last four years the american middle class has been buried. those aren't my...
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i'm a former federal tax lawyer and a business owner. i get how jobs are created but i also understand how they're destroyed. >> joining me now is her competitor, jim graves, the democratic nominee for minnesota's sixth congressional district. jim, thank you for joining me. >> thank you for having me on. appreciate it. >> you had no political experience, jim, until you began your campaign. i'm sure your constituents want to hear what makes you qualified to serve in congress? >> i'm a business guy. i've created a lot of jobs. i understand the economy, budgets, how to get things done. obviously michele bachmann doesn't. so i'm prepared to go to congress and get things done, bring people together, make this economy work again and she doesn't. >> you just heard the congresswoman, though. how does your plan for the economy differentiate from hers? >> first and foremost we're not going to lower the minimum wage. that doesn't help anybody. what we need is good wage jobs. she's pledged to go to norquist and coke brothers. i'm pledging myself to
i'm a former federal tax lawyer and a business owner. i get how jobs are created but i also understand how they're destroyed. >> joining me now is her competitor, jim graves, the democratic nominee for minnesota's sixth congressional district. jim, thank you for joining me. >> thank you for having me on. appreciate it. >> you had no political experience, jim, until you began your campaign. i'm sure your constituents want to hear what makes you qualified to serve in congress?...
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well, if they're investing overseas, investing in offshore accounts, they shouldn't get tax breaks. they should get them for creating jobs and businesses in this country. and people would get off unemployment. >> i want to correct myself to make sure i said it correctly. the cbo is non-partisan. thank you, sir. i appreciate you joining us. >> thank you. >>> one state marking the early voting with people catching zs outside election offices. we're looking at the goals of what's called sleep out the vote. >>> and with poll after poll giving the advantage to team obama, we look at team romney's narrowing path to 270. and one of the critical states out west. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. >>> now to early voting out of ohio. where the message to voters seems to be if you snooze, you won't lose
well, if they're investing overseas, investing in offshore accounts, they shouldn't get tax breaks. they should get them for creating jobs and businesses in this country. and people would get off unemployment. >> i want to correct myself to make sure i said it correctly. the cbo is non-partisan. thank you, sir. i appreciate you joining us. >> thank you. >>> one state marking the early voting with people catching zs outside election offices. we're looking at the goals of...
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did the vice president give critics an opening when he talked about a tax hike. let's listen. >> you know the phrase they always use? obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do, in one regard. we want to let that $1 trillion tax cut expire so the middle class doesn't have to bear the burden of all the money going to the super-wealthy. >> does the vice president's style create a risk for the democratic ticket? >> he does. you know, it's something that they've been watching with joe biden for years, but joe biden has been preparing for an entire week. by thursday when the debate happens, he will have spent almost a week at his home in wilmington preparing. and when he is prepared, he is much better in that he doesn't make those same gaffes. when he nose what it is that he needs to say and he's not going off the cuff in this style, he does better. >> on thursday, joe biden went aggressively after governor romney on taxes. let's take a look at that. >> you just never know what game or what position governor romney's going to com
did the vice president give critics an opening when he talked about a tax hike. let's listen. >> you know the phrase they always use? obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do, in one regard. we want to let that $1 trillion tax cut expire so the middle class doesn't have to bear the burden of all the money going to the super-wealthy. >> does the vice president's style create a risk for the democratic ticket? >> he does. you know, it's...
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the cut in tax rates. >> lowers all americans tax rates. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless it takes away -- >> lowering tax rates by broadening the tax base -- >> you haven't given me the math? >> it would take me too long to go through all the math. >>> in massachusetts tonight, senator scott brown and his democratic challenge elizabeth warren face off in the second of four debates for that u.s. senate seat up there. david gregory will moderate it comes as new boston globe poll shows warren inching slightly ahead, 43% to 38%. still 18% of voters remain undecided there. the same poll conducted in may gave senator brown a two-point lead. >>> still ahead on "way too early," wow were the new york jets bad yesterday. shutout, blownout, injured on their home field. rex ryan's press game post conference the only highlight of the day. >>> and an incredible comeback by team europe at ryder cup. the united states entered sunday with a big lead and it's big guns on the course. we'll show you what happened in sports. all that
the cut in tax rates. >> lowers all americans tax rates. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless it takes away -- >> lowering tax rates by broadening the tax base -- >> you haven't given me the math? >> it would take me too long to go through all the math. >>> in massachusetts tonight, senator scott brown and his democratic challenge elizabeth warren face off in the second of four debates for that...
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his running mate paul ryan refused to say how much their tax cut would cost alleging it would take too long to get into all the math. congressman ryan defended that dodge yesterday. >> i didn't want to get into all the math of this because everybody would start changing the channel. >> and an hour ago, after offering no new specifics on his ticket's tax plan ryan said this -- >> problem is it took me about five minutes to go into all of this with you and you're in a 30-second tv show you can't do it as much. >> on behalf of the television industry, we salute you paul ryan for being so consider ate of the viewers at home. americans still have close to no idea as to what the romney/ryan plan is actually all about. will an 11-minute period of open discussion tomorrow night prove sufficient for governor romney to, quote, get into all the math? perhaps. but with so many of his own policies and open conflict with one another it seems like the most pressing equation for team romney to solve is whether mitt plus mitt equals one or two. the paradox of the mittens, katrina. >> i mean the romney/
his running mate paul ryan refused to say how much their tax cut would cost alleging it would take too long to get into all the math. congressman ryan defended that dodge yesterday. >> i didn't want to get into all the math of this because everybody would start changing the channel. >> and an hour ago, after offering no new specifics on his ticket's tax plan ryan said this -- >> problem is it took me about five minutes to go into all of this with you and you're in a 30-second...
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cuts, going beyond the extension of the bush tax cuts. he talks about raising defense spending. he rejects a 10 to one ratio of spending cuts to tax increases. simpson-bowles. you mentioned them. they say the math doesn't add up in the romney plan and he won't tell us how he thinks it does. >> well, listen. the country is hungry for bipartisan compromise, david. i agree with you,t( especially after the last four year was intense partisanship from this white house. and mitt romney is the only candidate in this race who has a record of showing he knows as an executive how to forge bipartisan compromise. as the governor of massachusetts, over 85% of his legislature democrats, he made things happen. and he will make things happen as president of the united states. and will forge the right type of compromise to get this done. and that's the way it's going to work. >> do you think that this governor romney should be in a situation where he's actually prepared to deal with revenue, to raise revenue, go against his party if it's part of a package
cuts, going beyond the extension of the bush tax cuts. he talks about raising defense spending. he rejects a 10 to one ratio of spending cuts to tax increases. simpson-bowles. you mentioned them. they say the math doesn't add up in the romney plan and he won't tell us how he thinks it does. >> well, listen. the country is hungry for bipartisan compromise, david. i agree with you,t( especially after the last four year was intense partisanship from this white house. and mitt romney is the...
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these are people that pay no in kw come tax. >> the romney debate team has six days to figure out what mitt romney has to say about his 47% comments. the first tadebate is just six y as way. as team romney privately obsesses now on how to handle that 47% question, they are publicly rising suddenly in praise, praise of president obama. they say he is quote universally acclaimed and quote natural g l gifts and extensive seasoning and is quote uniquely gifted and is quote one of the most talented political communicators and are trying to lower expectations to the point where if he can stay standing for the 90 minutes it will be considered the victorvictory. >> crystal ball, the president will not be allowed to speak for the full 90 minutes of the debate. sp surely jim will get something in there too. possibly we could expect a 30 minute attack add? >> you never know. maybe they should put that in the rules that president could speak for 90 minutes instead of mitt romney having to say anything. i suspect that is not what they are going to do. he has a challenge to come in and not look scar
these are people that pay no in kw come tax. >> the romney debate team has six days to figure out what mitt romney has to say about his 47% comments. the first tadebate is just six y as way. as team romney privately obsesses now on how to handle that 47% question, they are publicly rising suddenly in praise, praise of president obama. they say he is quote universally acclaimed and quote natural g l gifts and extensive seasoning and is quote uniquely gifted and is quote one of the most...
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so let's hear him explain the tax policy. >> the cut in tax rates is lower -- all american tax rates -- >> how much does it cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away the deductions. the first half, lowering the tax rates. does that cost $5 trillion? >> no, no. look, i won't get into a baseline argument with you. >> you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all the math. >> all right. you know what, mitt? you better put paul ryan away somewhere. send him to a sports bar somewhere in ohio. at least he can have a few beers with voters. he's got that going for him. who knows, it might help make inroads with that 9% deficit romney is facing against the president in the latest ohio poll. then again, there may not be enough time to do enough shots with enough intoxicated fans before voting starts in ohio tomorrow. so if his running mate is no use, how about a boost from the other person mitt's proposed to, his wife, ann. surely she can provide the comfort and confidence that mr. romney needs
so let's hear him explain the tax policy. >> the cut in tax rates is lower -- all american tax rates -- >> how much does it cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away the deductions. the first half, lowering the tax rates. does that cost $5 trillion? >> no, no. look, i won't get into a baseline argument with you. >> you haven't given me the math. >> well, i don't have the time -- it would take me too long to go...
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a loophole referred to in the tax accounting industry as i dig it. i am not making that up. it allows the practitioners to pass assets to children and grandchildren without paying the gift tax. the trust set up for his children and grandchildren made an investment in an internet advertising return that reaped 1,000% return. we know that they have opposed abolishing such trusts used by wealthy as vehicles for tax avo avo avoidance. one consistent theme seems to be a staed fast single minded focus on making sure he doesn't pay much in taxes >>> the u.s. troop surge in afghanistan failed because the nato in afghanistan produced a report that writes according to the report, before the surge, insurgents used nearly 600 homemade bombs against u.s. andal plid forces. by august, 2012, near the end of the surge, the number was just over 600. u.s. combat are scheduled to end by 2014. the longest war in american history has received relatively scant media attention. part of the reason is that we don't know what afghanistan policy mitt romney is proposing. we know there is a huge politi
a loophole referred to in the tax accounting industry as i dig it. i am not making that up. it allows the practitioners to pass assets to children and grandchildren without paying the gift tax. the trust set up for his children and grandchildren made an investment in an internet advertising return that reaped 1,000% return. we know that they have opposed abolishing such trusts used by wealthy as vehicles for tax avo avo avoidance. one consistent theme seems to be a staed fast single minded...